Sinclair & Co. v. Pursuit Investment Management LLC

Order, Supreme Court, New York County (Richard B. Lowe III, J.), entered January 11, 2010, which denied defendant’s motion to stay the action and compel arbitration, unanimously affirmed, with costs.

Plaintiff, a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA), describes itself as “a referral agent for investments and or loans to its clients.” Plaintiff alleges that it entered into a “Referral Agreement” with defendant, an investment fund manager, pursuant to which plaintiff introduced prospective investors to defendant, and that defendant breached…